AMLX vs HQL: Correlation
Measured on weekly returns over the past three years, Amylyx Pharmaceuticals, Inc. (AMLX) and abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMLX and HQL?
Over the past 3 years, AMLX and HQL moved with a correlation of 0.45, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.45 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1031.1 %².
Among the 17 assets we track against AMLX, HQL ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMLX outperformed by 217.5 percentage points (+293.4% for AMLX against +75.9% for HQL). One caveat on sizing: AMLX is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMLX vs HQL: side by side
| AMLX (Amylyx Pharmaceuticals, Inc.) | HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +293.4% | +75.9% |
| 5-year return | +105.8% | +74.1% |
| Volatility (ann.) | 97.8% | 23.5% |
| Beta vs S&P 500 | 1.29 | 0.88 |
| Max drawdown (3Y) | -92.6% | -25.1% |
| Market cap | $4.1B | – |
| P/E (trailing) | – | 3.2 |
| Dividend yield | 0.00% | 8.87% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMLX | HQL |
|---|---|---|
| 2022 | – | -19.2% |
| 2023 | -60.2% | +4.2% |
| 2024 | -74.3% | +11.0% |
| 2025 | +219.6% | +45.5% |
| 2026 | +207.8% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMLX and HQL good diversifiers for each other?
Reasonably. At 0.45, AMLX and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMLX and HQL?
The AMLX/HQL correlation stands at 0.45 on a 3-year window (1 year: 0.42, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is HQL a good diversifier for AMLX?
Reasonably. At 0.45, AMLX and HQL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amlx-vs-hql.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amlx-vs-hql/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMLX correlations · HQL correlations
